Continuous change and innovation,
a sustainable challenge
for everyone’s daily life

Dear Stakeholders,
This is Jang-Won Seo, CEO of Coway.

I would like to share with you Coway's achievements in 2023 and our future direction in sustainable management.

Amidst continued global economic uncertainty last year, Coway transformed challenges into opportunities through continuous innovation and differentiated management strategies, achieving outstanding business performance. Particularly, we proactively navigated the challenging landscape of stricter ESG regulations and made significant strides in enhancing corporate sustainability. These efforts were externally recognized with awards such as the '2023 Most Trusted Brand Award' and the '2023 Management Innovation Award'.

This was possible thanks to the unwavering support and trust of our stakeholders.

Again in this year, Coway will not settle for the status quo but will continue to take on greater challenges to become a sustainable company. We will further strengthen our framework for ESG management, promoting eco-friendly design that considers environmental impact from the product development stage, optimizes resource usage, and minimizes waste. Additionally, we will implement strategies to reduce carbon emissions across our value chain and establish systematic procedures to achieve our Net-zero goal by 2050. To fulfill our social responsibilities, we will enhance partnerships with local communities and create social value through various programs to support the underprivileged.

Dear stakeholders, your unwavering trust and support are the fundamental strength that enables Coway to move toward a sustainable future.
We will continue to work together and explore ways to make a positive impact on our society and environment.
We are deeply grateful to our stakeholders for their continued support and trust, and we invite you to collaborate with us towards the sustainable future that Coway aims to achieve.

Thank you.

Jang-Won Seo, CEO